Staff Accountant

Job Description:

Founded in 1912, ITW (NYSE: ITW) is a global industrial company built around a differentiated and proprietary business model. The company’s seven industry-leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized, entrepreneurial culture.

Division Description

ITW Deltar Fasteners is a large division within the Automotive Segment and serves all the major OEMs and their tier suppliers with plastic fasteners. Locations include Frankfort, IL,Chippewa Falls, WI and our Commercial Sales and Engineering in Troy, MI.

The division drives profitability by leveraging its innovative solutions and application engineering. In addition to ITW’s industry leading research and development capabilities, ITW Deltar Fasteners enhances our customers’ competitive advantage by:

• Maintaining advanced engineering and manufacturing facilities in NA.
• Exchanging product, process, and benchmarking information with sister units worldwide.
• Continually improving processes, material, and designs to ensure every product exceeds customer specifications while providing unparalleled value.

Position Summary

The Staff Accountant will collaborate directly with Assistant Controller on inventory costing, Bill of Materials integrity, and accurate valuation of raw materials in close collaboration with Operations. This role will be a part of month-end inventory accounting processes while ensuring compliance, audit readiness, and continuous improvement through data analytics and automation tools.

Primary Responsibilities

• Work on Divisional Bill of Materials entries and data integrity
• Collaborate with Operations Team to maintain accurate valuation of raw materials
• Update and manage cost updates and standards roll
• Prepare various general ledger entries related to inventory
• Prepare account reconciliations, variance analysis, and various accrual calculations
• Inventory grading (active & slow moving) and Shrink support
• Serving as a backup and/or assisting, as needed, to the Staff Accountant/Senior Accountant
  • Backup to interface function between ERP & General Ledger System
  • Back up to fixed asset management and capital projects and reporting
• Drive continuous improvement and process efficiency by leveraging automation and data tools such as Power Query, Power BI, and other available systems
• Other duties as assigned

Position Skills and Experience Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in accounting, finance, or related field
• Experience in Excel; knowledge (or willingness to learn) Power Query, Power BI, or similar BI tools for reporting and automation
• Excellent analytical, problem-solving, and communication skills
• Self-motivated and ability to work both independently and collaboratively on projects